Spot prices for US domestic hot dipped galvanized (HDG) coil have narrowed since our last report a week ago, with prices having dipped by approximately $1.00 cwt. ($22/mt or $20/nt) on the top end.
This brings the current average transaction range to $38.50-$39.50 cwt. ($849-$870/mt or $770-$790/nt), ex-Midwest mill. Domestic mills’ lead times continue to soften, sources note, adding that current HDG lead times are trending “somewhere between six and seven weeks, depending on the mill,” a service center source said.
It’s further believed that the still-soft pricing trend has not yet bottomed out, which has many buyers wary about placing orders unless they absolutely need to buy.
| Cwt. | Metric Ton (mt) | Net ton (nt) | Change from last week | |
| US domestic HDG base price | $38.50-$39.50 | $849-$870 | $770-$790 | down $1.00 cwt on top end |
| 0.012”x40.875” G30 | ||||
| ex-Midwest mill | $47-$48 | $1036-$1058 | $940-$960 | down $1.00 cwt on top end |
| 0.019”x48” G90 | ||||
| ex-Midwest mill | $46-$47 | $1014-$1036 | $920-$940 | neutral |
| US domestic Galvalume base price | ||||
| ex-Midwest mill | $38-$39 | $838-$860 | $760-$780 | down $1.00 cwt on top end |
| 0.019x41.5625 Gr80/AZ55 | ||||
| ex-Midwest mill | $47-$48 | $1036-$1058 | $940-$960 | neutral |